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METRO BANK HOLDINGS PLC ORD GBP0.000001METRO BANK HOLDINGS PLC ORD GBP0.000001METRO BANK HOLDINGS PLC ORD GBP0.000001

METRO BANK HOLDINGS PLC ORD GBP0.000001

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MTRO trade ideas

metro bank longThis is the first of many trade ideas I will be posting, ALL ideas are my own interpretation of what I have come across looking through the markets or what has popped up or found looking through trading view, then with a bit of time spent looking into the trade and what i have learnt over the last 18 months, working out what id like to see happen or what i believe will/may happen ! I think this will be a very long hold and i will take this as a spread bet position ! any comment etc welcome !!
LSE:MTROLong
by UnknownUnicorn4207741
5
#METROBANK - Bearish trend likely to continueA lot of people seem to be expecting that this has bottomed-out. But let's explore what the chart says... Weekly chart (not shown) - Bounced off the underside of the Kijun Sen and looks set to continue with hidden stochastic and stochastic-RSI divergence. Still well under the Kumo (cloud). Daily chart - Has formed a very neat running triangle continuation pattern. Also failed to break above the Kumo at point 'E', and there is hidden divergence on the stochastic here too from the same point. So I'm afraid that the weight of the TA evidence says that this is highly likely to continue to the downside. If you're an Elliott-Wave trader, the triangle is Wave 4 in the downtrend, so has Wave 5 still to go. Disclaimer: I hold no position in this.
LSE:MTROShort
by withoutwings
Metro Bank - Long Position 30 days maxMetro Bank (MTRO), I have ridden this piggy on a number of shorts for some time, basically based on the odd behaviour of the management (Particularly the doggo loving ex-Chairman Vernon Hill). I have to admit I have been nervous about continuing a short position and actually got out quick on my last position and adopted a long position on Friday 15th November 2019 at 207p, it has been a nervous few days, as I was questioning my senses. So I think this is a risky punt last week, I still do now, but the Bank wasn't bankrupt or in financial trouble, so the price will only fall so far, until it is perceived as good value (PE is presently 6, low for the Uk banking sector which has recently had a surge in interest). Why Go Long: - firstly Vernon Hill hasn't been viewed as the best person to run the bank, but the company is actually good, no debt (£2.2bn cash), makes a profit (£27M), good systems (10% Operating margin). - Customers generally say the bank is a good bank to use, with 4 stars on trust pilot. "https://uk.trustpilot.com/review/www.metrobankonline.co.uk" - The Vernon Hill left in October 2019 and an Interim Chariman Sir Michael Snyder was appointed (upstanding bloke with good connections). - Since early September 2019 the share price has struggled to get past a price of 220p, a couple of times it has hit around 240p and 270p based on Takeover rumours. - Takeover rumours are rife, but sometimes there can be some truth behind them Lloyds Bank is supposed to be interested, as is RBS and possibly HSBC. Today it has burst out of the doldrums based on another rumour with some large £50K+ purchases on level 2 backing them up and sitting at 231p roughly 10% up since 12 noon, it could be just another false indicator of a hedge funds positioning, who knows. I am using a 30p point trailing stop loss with this idea as I couldn't say where the limit will be, as Metro Bank (MTRO) was trading at 1734p at the start of the year and 600p in June 2019. So if I get stopped out I can always jump back on the train at a later date. SL was 20p, with get out quick at 10p.
LSE:MTROLong
by OldManFit
2
MTRO Metro Bank Plc takeover target 600-800 pence per share!1x-2x or 100%-200% returns within next 1-3 months! Metro Bank London Stock Exchange ticker/code MTRO currently trading at 220 pence or £2.20 per share or NASDAQ ticker/code MBNFK 270 cents or $2.75 per share. Metro Bank shares being surpressed by the Hedge Funds, and on instruction to accumulate as many by this low price by the future bidders. A takeover target! Recent press speculations of Lloyds Bank or Virgin money interested bidders, and previously South African Bank and Spanish BBVA banks. Also founder of the Metro Bank- Vernon Hill and his billionaire buddies will be putting low ball offer of £4 or 400 pence per share and rising to 500-650 pence per share!? Metro Bank Bonds trading at €0.82 cents =equivalent to roughly 400 pence per share! Recent 500 pence per share placement! Assets of Metro Bank valued at £1.9 billion, market capitalisation as of November 11, 2019 £370m or $480 million. Q3 Summary for 3 months ending 30 September 2019 Completed inaugural £350 million senior non-preferred debt issuance with pro forma total capital plus MREL ratio of 22.6% at 30 September 2019. Total deposits of £14.2 billion with Q3 growth of £528 million. Customer account growth of 106,000 in Q3 2019 (Q2 2019: 93,000) to 1.9 million. Total net loans of £14.9 billion broadly flat quarter-on-quarter, with the loan to deposit ratio reducing to 105% (H1 2019: 109%). Modest quarter-on-quarter reduction in operating costs and continued growth in fee and other income. Asset quality remains strong, reflected in Q3 cost of risk of 5 bps (Q2 2019: 6 bps). Strong liquidity and funding position maintained, with LCR higher than Q2 2019. Underlying loss before tax1 of £2.2 million in Q3 2019 (Q2 2019: £6.7 million profit) reflecting the impact from actions taken to maintain a resilient balance sheet, including a one-off £2.5 million charge following the £521 million portfolio disposal in July 2019. Retained position as number one bank for overall quality of service for personal current account customers and second for business current account customers in the Competition and Market Authority's latest Service Quality Survey.
LSE:MTROLong
by MarketVectors
5